Sentences with phrase «still keeping the policy in force»

For example, a policy owner could turn in the policy for its available cash value, or borrow against the cash value and still keep the policy in force, or temporarily use the cash value to pay the policy's monthly premiums.

Talk to your agent or the company to find out the max loan amount available while still keeping the policy in force.

There is even one out there that goes to 130, but the point is, and I have heard this straight from presidents of insurance companies, if a person outlives the guarantee the company will still keep the policy in force and pay the claim when the death occurs.

Not exact matches

In addition, when some customers did get adequate insurance and provide proof, the bank still kept the forced - placed policies on accounts or didn't refund the premiums, or related fees and charges including repossession fees.

A premium waiver, whereby if the insured becomes disabled, they can have the policy's premium payments waived, while still keeping their life insurance coverage in force

While you don't have to continue paying premiums, you must technically still pay to keep the policy in force.

A premium waiver, whereby if the insured becomes disabled, they can have the policy's premium payments waived, while still keeping their life insurance coverage in force

You can still withdraw your cash value, but you'll have to resume premium payments to keep the policy in force or settle for a reduced benefit that the remaining cash value can support.

you would still be able to keep the policy in force and if something does happen to you, your wife would recieve the benefit minus the loaned amount.

For whole life policies, by definition of the policy structure, payment of the premium is guaranteed to keep the policy in force and the cash value increasing, although the net return may still be extremely low.

These give the policy flexibility in the later year if you want to stop making premium payments, but keep the policy in force so it will still pay out the death benefit to your beneficiaries.

Policy owners can even take withdrawals from the cash value late in the policies life, and still have enough value to keep the policy in force for the entire life of the inPolicy owners can even take withdrawals from the cash value late in the policies life, and still have enough value to keep the policy in force for the entire life of the inpolicy in force for the entire life of the insured.

In addition, many of the variable life products have language to the effect that even when the scheduled premiums are paid, the policy may still lapse if the cash value is not sufficient to keep it in forcIn addition, many of the variable life products have language to the effect that even when the scheduled premiums are paid, the policy may still lapse if the cash value is not sufficient to keep it in forcin force.

The length of time, specified in the language of the written policy, during which an insured policy holder can repay an overdue balance against the policy premium while still keeping their renters insurance coverage in force during that period of time.

Depending on the type of life insurance policy, if a premium is due there is a grace period while payment can still be made to keep the policy in force.

Surrendering a life insurance policy will result in losing a majority of the premiums you have paid in, but there are other options, both in terminating the policy or using the policy to get through hard times, that can keep the policy in force and still aid you in your current hardships.